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Total Pages 28
News Bites Mutual Funds Scoreboard
Derivative Corner Rollover Report June, 2017
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Technical Pick Nifty 50 Scoreboard Technical Pick See page 18
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Indian bond prices crash on RBI announcement of Rs 100 bn bond sale Indian government bonds yields rose sharply on 03rd July after the Reserve Bank of India (RBI) announced an open market sale of bonds to remove some of the excess cash left at lenders because of the government's demonetization move last year. The announcement from the RBI late on 30th June sale of government bonds worth Rs 100 billion surprised traders, who were expecting it to happen in the month of August when the central bank has to pay a hefty dividend to the government. The new 10-year bond yield jumped as much as 11 basis points to 6.62 per cent in
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early trade, its highest level since June 7, from its close of 6.51 %. The five-year benchmark overnight indexed swap was at 6.34 per cent, as compared with its previous close of 6.28 per cent. Indian banks were flush with deposits after the government abolished high-value currency notes late last year in a move to liquidate black money from the economy by forcing people to deposit their unused high denomination notes with banks. The fall in bond prices comes after a recent lowerthan-expected inflation data which had raised hopes for a rate cut before the RBI’s policy review on August 2. The traders expect the central bank to conduct at least two to three more OMO sales in the JulySeptember period, given the surplus liquidity of around Rs 3 trillion in the banking system, which is much beyond the RBI’s traditional tolerance level of Rs 1 trillion.
3
On July 03, 2017, Khadim India Limited (KIL), one of the leading footwear brands in India, filed its Draft Red Herring Prospectus (DRHP) with the market regulator SEBI for its Initial Public Offering (IPO).
GST effect: ITC soars 6 per cent Shares of ITC Limited soared by 6.05 per cent intraday on July 3, 2017 after the changes made on cigarettes taxes.
The Initial public offering comprises of a fresh issue aggregating up to Rs. 500 million (“fresh issue”) and an offer for sale of up to 6,574,093 equity shares by the “selling shareholders”.
In the last weekend, the Central Board of Excise and Customs (CBEC) have removed the basic excise and the additional excise duty on the cigarettes but the National Calamity Contingent Duty will continue to be levied.
The equity shares will have a face value of Rs. 10 each. The issue will be on bookbuilding basis and the price band to be decided later.
It was believed that this development will result in lowering the overall tax burden per cigarette by around 7-9 per cent on an average in a meanwhile bidis are expected to face rise in the tax rate.
The Net Proceeds from the Fresh Issue are proposed to be utilised towards prepayment or scheduled repayment of all or a portion of term loans and working capital facilities availed by the Company and for general corporate purposes.
This positive move is expected to boost the stock prices of the ITC Limited as well as it will increase the earnings of the company. It provides an opportunity to gain the market share. It was expected that for the FY18, the sales of cigarettes will grew over 15 per cent with 8-10 per cent increase on the back of realisation from good and service tax. On July 3, 2017, ITC Limited was trading at Rs 343.65, up by 6.11 per cent on BSE at 11:26 hours. ITC opened at Rs 345.25 while
Axis Capital Limited and IDFC Bank Limited are the book running lead managers to the issue and Link In time India Private Limited is the Registrar. KIL’s core business objective is ‘Fashion for Everyone’, and the Company has established an identity as an ‘affordable fashion’ brand, catering to the entire family for all occasions.
on 30th June it closed at Rs 323.85.
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As of March 31, 2017, they operated 829 ‘Khadim’s’ branded exclusive retail stores across 23 states and one union territory in India, through their retail business vertical. Further, they had a network of 357 distributors in fiscal 2017, in KIL’s distribution business vertical.
TOP 5 Mutual Fund schemes for the month
GST Council to review impact of GST on August 5
DSPBR World Mining Fund – Reg (G) was the best performing mutual fund scheme for this week and gained almost 4.75 per cent. Invesco India Pan Eur Equity Fund – Reg (G) was the other mutual fund that invests in global equities that impressed with 3.12 per cent gains in this week.
Goods and Services Tax (GST) was implemented from midnight of June 30, 2017. The all new tax system is going to help all from users to investors. According to an estimate, GST would boost India’s GDP growth by 1 percent to 1.5 percent. The GST Council will review the implementation of the GST on August 5. It is necessary that review of GST would highlight GST implementation glitches as well as further guidance. It will also review tax rate with regards to any commodity highlighted by members in the meeting.
The council has clarified that there won’t be any glitches in the roll out and various steps have been taken to spread awareness about the new taxation system. GST has subsumed 17 taxes into one, which has made GST, a good and simple tax from all aspects. This is the biggest economic reform for the country. Consumers are expected to benefit from the GST regime and depending on the feedback from various stakeholders; the GST Council will review the taxes from time to time.
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As the major benchmark indices traded under pressure and slipped by nearly 1.5 per cent the mutual fund schemes that invest in diversified equity in India across various market capitalisation failed to impress investors.
HSBC Brasil Fund (G) delivered 2.48 per cent in this week. Invesco India Global Equity Income Fund (G) gained 2.08 per cent and HSBC Asia Pacific (Ex Japan) DYF – Reg (G) gained 2.03 per cent this week.
Sugar production to increase 16-20 per cent in 2018 Sugar production in India is expected to increase by 16 to 20 per cent in 2018 to around 24.5 million MT. Even with this increase, the production is likely to be matched with consumption, resulting in stable prices. On the negative side, increases in cane costs for the coming crushing season are likely to impact margins from Q4FY2018 onwards.
5
Meanwhile, an increase of 11 per cent in fair and remunerative price (FRP) to Rs 255 per quintal by the Cabinet Committee on Economic Affairs (CCEA) might pinch millers in Tamil Nadu and South Karnataka, who saw poor rainfall during the sowing period, though millers in Maharashtra and Uttar Pradesh might be less impacted by the price increase as they received good rains, which boosting production. The units located in Maharashtra and North Karnataka is likely to reap the benefits arising out of higher production, even though they are likely to be negatively impacted by higher costs. The mills located in the Cauvery region of South Karnataka and parts of Tamil Nadu will be adversely affected due to the double whammy arising out of both higher cane prices as well as limited prospects of volume growth.
High growth expected in textile exports in FY18
The synthetic textile is expected to grow more post a fibre-neutral tariff policy. The surge in high polyester products which has a 15 per cent share in global is likely to grow in the context of India. The Indian exports industry already enjoys significant advantages because of government's support to exports and declining interest rates. The cascading taxes and a fragmented industry structure are the downturns that the industry currently faces, before the implementation GST. Small players such as Bangladesh and Vietnam who seems to enjoy the benefits imposed on India by US and European markets are likely to witness a lag in exports. China’s focus shift on technology sector was another reason that led to a decline in its share in global trade and increase in trade volumes of smaller countries
The industry is likely to post a growth of more than 18 percent reaching an export of USD 20 billion in FY18 with a USD 7 billion in FY17. The textile sector, which contributes about 11 percent of the total exports, is expected to show a high growth in exports during FY18. The US has already exited the Trans-Pacific Partnership (TPP) which is expected to realign the textile trade and would move the global markets towards Indian subcontinent. Earlier the trade was diverted to Thailand and Vietnam.
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MUTUAL FUND SCOREBOARD EQUITY Large Cap Assets (Rs. Cr.)
ICICI Pru Top 100 Fund (G Kotak Select Focus Fund - Regular (G) SBI Blue Chip Fund (G)
1,546.32 6,335.80 8,582.51
RETURNS(%) – as on June 26, 2017 NAV
295.52 30.34 35
1 MTH
-0.2 2.1 2.9
3MTH 6MTH
2.8 7 5.7
16.6 24.5 20
1YR
22.5 26 16.6
2YR* 3YR*
11.8 15 10.9
11.7 19.7 16.8
Small & Mid Cap Assets (Rs. Cr.)
Birla SL Small and Midcap Fund DSP-BR Micro Cap Fund – RP(G) Mirae Emerging Blue chip Fund (G)
NAV
422.72 4258.41 2785.30
36.69 61.31 45.44
Assets (Rs. Cr.)
NAV
3391.00 449.36 695.81
651.26 71.09 94.48
1 MTH
1.7 4.4 4.1
RETURNS(%) – as on 3MTH 6MTH
9.2 10 9.6
31.4 25.2 30.4
June 26, 2017 1YR 2YR*
34.4 33.4 38.2
3YR*
24.1 23.8 23.3
24.6 32.6 29.2
June 26, 2017 1YR 2YR*
3YR*
Diversified Equity
Birla Sun Life Equity Fund (G) Birla SL India Gen next(G) Principal Emerging Blue chip (G)
1 MTH
2.8 3.4 3.7
RETURNS(%) – as on 3MTH 6MTH
5.6 6.9 7.0
21.3 25.6 26.9
30.2 25.6 33.8
16.8 14.9 17.4
17.3 22 24.4
RETURNS(%) – as on June 26, 2017 1 MTH 3MTH 6MTH 1YR -0.1 1.6 19.2 49.5 1.9 9.4 30 41.2
2YR* 27.7 16.7
3YR* 21.4 17.3
Infrastructure
DSP-BR Natural Resources –RP(G) L&T Infrastructure (G)
Assets (Rs. Cr.) 123.29 264.38
NAV 30.13 15.12
ELSS
DSP-BRTax Saver Fund(G) Principal Tax Savings
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Assets (Rs. Cr.) 1757.06 287.63
NAV 42.07 189.44
RETURNS(%) – as June 26, 2017 1 MTH 3MTH 6MTH 1YR 2YR* 3YR* 1.1 5.1 20 23.8 14.8 17.5 3.8 10 29 32.5 16 16.4 *Returns over 1 Year are annualised
7
MUTUAL FUND SCOREBOARD DEBT
Debt Long Term
Can Robeco Dynamic Bond- RP (G) UTI Bond Fund (G)
Assets (Rs. Cr.) 270.42 1115.08
NAV 19.51 51.54
RETURNS(%) – as on June 26, 2017 1 MTH 3MTH 6MTH 1YR 1.8 3.9 4.6 14.9 2.2 3.9 4.4 14.9
2YR* 3YR* 10.9 11.3 10.8 11.1
RETURNS(%) – as on June 26, 2017 1 MTH 3MTH 6MTH 1YR 1.1 2.3 3.7 9.5 0.8 1.8 3.4 7.7
2YR* 8.8 7.3
Debt Short Term
IDFC SSIF – MTP – Regular (G) LIC Income Plus Fund (G)
Assets (Rs. Cr.) 2086.34 131.95
NAV 28.25 20.86
3YR* 9.1 7.1
Ultra Short Term Debt
Indiabulls Ultra Short Term (G)
Assets (Rs. Cr.) 101.07
NAV 1603.98
RETURNS(%) – as on June 26, 2017 1 MTH 3MTH 6MTH 1YR 2YR* 3YR* 0.7 1.9 3.6 8.3 8.4 8.7
GILT Long Term
Reliance Glit Sec. – RP (G) UTI Glit Advantage – LTP (G)
Assets (Rs. Cr.) 585.50 232.63
NAV 22.81 38.30
RETURNS(%) – as on June 26, 2017 1 MTH 3MTH 6MTH 1YR 2YR* 3YR* 2.9 5 5.1 16.5 12.7 13.2 2.4 4.5 6.3 19 12.6 13.5 *Returns over 1 Year are annualised
HYBRID MIP Aggressive
Birla SL MIP II- Wealth 25 (G) ICICI Prudential MIP 25 (G)
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Assets (Rs. Cr.) 1571.67 1217.91
NAV 37.43 38.14
RETURNS(%) – as on June 26, 2017 1 MTH 3MTH 6MTH 1YR 2YR* 3YR* 2.7 5.0 11.6 18.9 12.9 15 2.8 5.5 10.3 16.4 11.8 12.8 *Returns over 1 Year are annualised
8
DERIVATIVE CORNER
Rollover Report Top 10 Stocks Rollover Scrip
Rollover %
3 Month Rollover Avg. %
Closing Price
Price Change %
CENTURYTEX JINDALSTEL JSWENERGY TATAGLOBAL TV18BRDCST DABUR DHFL CESC HINDPETRO IRB
94% 93% 93% 92% 92% 92% 92% 91% 91% 91%
90% 89% 90% 91% 89% 88% 86% 88% 87% 90%
1100.25 122.4 64.7 148.35 35.75 290.1 436.5 869.15 508.6 209.8
4% 4% 2% 4% 0% 8% 8% -2% 0% -7%
Bottom 10 Stocks Rollover Scrip
Rollover %
3 Month Rollover Avg. %
Closing Price
Price Change %
ABIRLANUVO PETRONET TORNTPHARM NIITTECH LUPIN MOTHERSUMI PAGEIND OFSS INDIGO SBIN
59% 62% 64% 66% 67% 67% 68% 69% 69% 69%
82% 90% 62% 66% 67% 80% 66% 71% 87% 66%
1821.1 432.05 1190.05 573.5 1057.7 457.8 16269.55 3580.35 1238.25 272.55
13% 0% -2% 17% -7% 6% 14% 0% 15% -6%
Scrip
Rollover %
3 Month Rollover Avg. %
Closing Price
Price Change %
ABIRLANUVO ACC ADANIENT ADANIPORTS ADANIPOWER AJANTPHARM ALBK AMARAJABAT AMBUJACEM ANDHRABANK
59% 83% 86% 79% 89% 80% 75% 89% 76% 82%
82% 72% 83% 75% 84% 71% 73% 76% 77% 78%
1821.1 1580.4 133.15 364.5 29 1548.55 67.9 838 246.25 54
13% -2% 15% 7% 2% -4% -8% 0% 3% -11%
Stocks Rollover
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Stocks Rollover Scrip
Rollover %
3 Month Rollover Avg. %
Closing Price
Price Change %
APOLLOHOSP APOLLOTYRE ARVIND ASHOKLEY ASIANPAINT AUROPHARMA AXISBANK BAJAJ-AUTO BAJFINANCE BANKBARODA BANKINDIA BATAINDIA BEL BEML BHARATFIN BHARATFORG BHARTIARTL BHEL BIOCON BOSCHLTD BPCL BRITANNIA CADILAHC CANBK CAPF CASTROLIND CEATLTD CENTURYTEX CESC CGPOWER CIPLA COALINDIA COLPAL CONCOR CUMMINSIND DABUR DALMIABHA DCBBANK DHFL DISHTV DIVISLAB DLF DRREDDY EICHERMOT ENGINERSIN EQUITAS ESCORTS EXIDEIND FEDERALBNK
77% 84% 73% 83% 86% 79% 85% 87% 86% 85% 78% 88% 86% 84% 87% 79% 83% 85% 75% 87% 82% 79% 79% 85% 87% 89% 76% 94% 91% 84% 84% 86% 85% 80% 82% 92% 87% 72% 92% 79% 79% 77% 87% 84% 78% 88% 84% 88% 85%
85% 84% 71% 80% 75% 79% 77% 71% 74% 73% 61% 82% 84% 81% 88% 67% 70% 70% 70% 79% 80% 86% 76% 71% 80% 91% 72% 90% 88% 75% 75% 76% 72% 78% 76% 88% 91% 74% 86% 76% 78% 78% 76% 76% 78% 78% 82% 87% 87%
1278 242.9 359.1 93.4 1105.25 670.95 511.85 2801.9 1378.15 155.6 137.8 529.1 160.05 1453 707.55 1073.65 382.95 135.65 330.2 23258.5 625.45 3637.4 521.25 332.4 659.15 401.05 1799.9 1100.25 869.15 80.75 543 245.3 1087.7 1133.5 906.35 290.1 2416.75 196.7 436.5 79.15 637.6 193.9 2652.3 27347.75 151.6 149.4 662.45 217.95 112.95
6% 7% -3% 10% 0% 28% 1% -1% 9% -14% -8% 0% -7% 24% -4% -3% 3% -11% -65% -1% -14% 3% 22% -7% -5% -3% 7% 4% -2% -13% 8% -8% 11% -2% -2% 8% 2% 5% 8% -3% 16% 0% 9% -2% -2% -2% 5% -4% 2%
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Stock Rollover Scrip
Rollover %
3 Month Rollover Avg. %
Closing Price
Price Change %
GAIL GLENMARK GMRINFRA GODREJCP GODREJIND GRANULES GRASIM HAVELLS HCLTECH HDFC HDFCBANK HDIL HEROMOTOCO HEXAWARE HINDALCO HINDPETRO HINDUNILVR HINDZINC IBREALEST IBULHSGFIN ICICIBANK ICIL IDBI IDEA IDFC IDFCBANK IFCI IGL INDIACEM INDIANB INDIGO INDUSINDBK INFIBEAM INFRATEL INFY IOC IRB ITC JETAIRWAYS JINDALSTEL JISLJALEQS JPASSOCIAT JSWENERGY JSWSTEEL JUBLFOOD JUSTDIAL KOTAKBANK KPIT KSCL
85% 88% 83% 80% 86% 89% 72% 81% 80% 83% 82% 81% 84% 70% 87% 91% 87% 91% 84% 84% 74% 87% 86% 82% 84% 88% 87% 86% 89% 78% 69% 84% 82% 73% 86% 90% 91% 84% 74% 93% 88% 89% 93% 78% 83% 83% 80% 82% 80%
75% 72% 86% 70% 77% 88% 74% 68% 62% 64% 71% 76% 70% 77% 82% 87% 74% 83% 76% 82% 70% 86% 77% 74% 76% 78% 85% 70% 82% 78% 87% 66% 57% 74% 77% 75% 90% 62% 80% 89% 87% 90% 90% 79% 66% 70% 67% 79% 79%
362.3 627.1 19 947.1 628.9 132.8 1219.35 450.05 847.35 1635.95 1664.1 87.5 3712.65 247.35 192.15 508.6 1089.2 261.95 209.45 1097.05 292.6 170.9 53.4 84.3 55.2 55.1 24.05 1052.6 198.8 280.45 1238.25 1480.25 1043.95 377.95 931.6 386.5 209.8 311.7 569.65 122.4 102.75 22.75 64.7 205.3 951.2 375.2 947.6 124.25 666.95
-10% 3% 25% -47% 8% -3% 11% -2% -1% 6% 3% 1% 3% -2% 1% 0% 4% 12% 31% 5% -8% 0% -13% 7% -4% -4% -8% 7% 1% -15% 15% 1% 1% 1% -5% -12% -7% 4% 22% 4% 7% 100% 2% 7% -6% -20% -1% 6% 28%
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Stock Rollover Scrip
Rollover %
3 Month Rollover Avg. %
Closing Price
Price Change %
KTKBANK L&TFH LICHSGFIN LT LUPIN M&M M&MFIN MARICO MARUTI MCDOWELL-N MFSL MINDTREE MOTHERSUMI MRF MUTHOOTFIN NCC NHPC NIITTECH NMDC NTPC OFSS OIL ONGC ORIENTBANK PAGEIND PCJEWELLER PEL PETRONET PFC PIDILITIND PNB POWERGRID PTC PVR RCOM RDEL RECLTD RELCAPITAL RELIANCE RELINFRA RPOWER SAIL SBIN SHREECEM SIEMENS SINTEX SOUTHBANK SRF SRTRANSFIN STAR SUNPHARMA SUNTV SUZLON SYNDIBANK TATACHEM
84% 81% 73% 70% 67% 87% 79% 71% 81% 83% 87% 75% 67% 89% 85% 74% 81% 66% 89% 79% 69% 83% 84% 85% 68% 71% 87% 62% 85% 91% 81% 85% 83% 87% 82% 69% 76% 73% 80% 89% 87% 84% 69% 79% 73% 80% 91% 82% 86% 88% 85% 88% 75% 80% 86%
80% 81% 80% 65% 67% 73% 72% 84% 78% 79% 85% 76% 80% 83% 80% 79% 76% 66% 82% 73% 71% 71% 80% 68% 66% 74% 75% 90% 81% 84% 61% 73% 83% 84% 86% 78% 76% 88% 73% 86% 88% 79% 66% 76% 74% 88% 87% 73% 73% 75% 79% 85% 88% 78% 85%
163.05 143.45 742.95 1703.8 1057.7 1356.05 341.6 313.2 7225.95 2350.95 609.45 529.6 457.8 68633.65 459.9 89.25 32 573.5 107.85 158.85 3580.35 265.05 157.8 138.6 16269.55 496.85 2773.1 432.05 122 788.6 137.15 207.9 94.65 1417.7 21.9 58.75 169.95 648.2 1393.7 503.3 42.9 57.9 272.55 16681.8 1300.55 24.8 27.8 1533.15 986.3 965.9 536.3 806.8 18 73.3 599.3
2% 11% 8% -4% -7% 2% 13% -1% 4% 18% 8% -2% 6% 8% 18% 4% 9% 17% -8% 2% 0% -14% -9% -10% 14% 10% 3% 0% -14% 7% -9% 4% 4% -3% -16% 2% -17% 13% 7% 1% 1% 2% -6% -5% -4% -4% 8% -5% 3% 8% -9% 2% -7% -8% -3%
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Stock Rollover Scrip
Rollover %
3 Month Rollover Avg. %
Closing Price
Price Change %
TATACOMM TATAELXSI TATAGLOBAL TATAMOTORS TATAMTRDVR TATAPOWER TATASTEEL TCS TECHM TITAN TORNTPHARM TORNTPOWER TV18BRDCST TVSMOTOR UBL UJJIVAN ULTRACEMCO UNIONBANK UPL VEDL VOLTAS WIPRO WOCKPHARMA YESBANK ZEEL
83% 88% 92% 83% 82% 88% 85% 84% 88% 71% 64% 81% 92% 78% 72% 90% 77% 83% 86% 86% 73% 89% 90% 83% 90%
83% 81% 91% 80% 84% 77% 83% 61% 79% 83% 62% 87% 89% 76% 70% 82% 71% 73% 60% 79% 81% 73% 78% 68% 81%
717.95 1598.55 148.35 436.2 268.75 81.5 535.15 2338.3 388.9 510 1190.05 177.05 35.75 544.65 781.95 304.6 3954.5 145.3 827.55 250.85 453.85 258.9 605.5 1438.7 488
10% 20% 4% -8% -5% 1% 11% -11% -9% 10% -2% -11% 0% 0% 0% -3% -5% -12% 2% 8% -4% -52% 6% -2% -5%
Nifty 50 P/E and P/B
25.5
3.66 3.64
25
3.62 3.6
24.5
3.58 24
3.56 3.54
23.5
3.52 3.5
23
3.48
NIFTY 50 P/E
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2 0 1 7
25 June 2017 J u27 June 2017 n e
21 June 2017 2 23 June 2017 9
19 June 2017
15 June 2017
17 June 2017
13 June 2017
11 June 2017
07 June 2017
09 June 2017
05 June 2017
03 June 2017
01 June 2017
28 May 2017
30 May 2017
26 May 2017
22 May 2017 24 May 2017
20 May 2017
18 May 2017
14 May 2017
16 May 2017
12 May 2017
10 May 2017
08 May 2017
06 May 2017
04 May 2017
3.46
02 May 2017
22.5
NIFTY 50 P/B
13
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NIFTY FULL MIDCAP 100 P/E
29 June 2017
09 June 2017
2 0 1 7 1 3 J u n e 2 0 1 7 1 5 J u n e 2 0 1 7 1 7 J u n e 2 0 1 7 1 9 J u n e 2 0 1 7 2 1 J u n e 2 0 1 7 2 3 J u n e 2 0 1 7 2 5 J u n e 2 0 1 7 2 7 J u n e 2 0 1 7
J u n e
1 1
2 0 1 7 1 6 M a y 2 0 1 7 1 8 M a y 2 0 1 7 2 0 M a y 2 0 1 7 2 2 M a y 2 0 1 7 2 4 M a y 2 0 1 7 2 6 M a y 2 0 1 7 2 8 M a y 2 0 1 7 3 0 M a y 2 0 1 7
M a y
1 4
NIFTY BANK P/E
07 June 2017
03 June 2017 05 June 2017
01 June 2017
12 May 2017
10 May 2017
08 May 2017
04 May 2017 06 May 2017
02 May 2017
35
30
25
10
60
30
10
0
29 June 2017
27 June 2017
23 June 2017 25 June 2017
21 June 2017
17 June 2017 19 June 2017
15 June 2017
13 June 2017
09 June 2017 11 June 2017
05 June 2017 07 June 2017
03 June 2017
01 June 2017
28 May 2017 30 May 2017
26 May 2017
24 May 2017
18 May 2017 20 May 2017 22 May 2017
14 May 2017 16 May 2017
12 May 2017
10 May 2017
06 May 2017 08 May 2017
04 May 2017
02 May 2017
Nifty Bank P/E and P/B
3.05
3
2.95
20 2.9
15 2.85
2.8
2.75
5 2.7
0 2.65
NIFTY BANK P/B
Nifty Full Midcap 100 P/E and P/B
2.95
50 2.9
2.85
40 2.8
2.75
20 2.7
2.65
2.6
2.55
NIFTY FULL MIDCAP 100 P/B
14
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NIFTY FULL SMALLCAP 100 P/E
70
60
30
20
10
0
29 June 2017
27 June 2017
25 June 2017
23 June 2017
21 June 2017
19 June 2017
17 June 2017
15 June 2017
13 June 2017
11 June 2017
09 June 2017
07 June 2017
03 June 2017 05 June 2017
01 June 2017
30 May 2017
28 May 2017
26 May 2017
24 May 2017
22 May 2017
20 May 2017
18 May 2017
16 May 2017
14 May 2017
12 May 2017
10 May 2017
08 May 2017
06 May 2017
04 May 2017
02 May 2017
Nifty Full Midcap 100 P/E and P/B
90 2.15
80 2.1
2.05
50 2
40 1.95
1.9
1.85
1.8
1.75
NIFTY FULL SMALLCAP 100 P/B
Nifty 50 is currently trading at 24.47 P/E and at a P/B of 3.56, which is quite satisfying with the market level. Whereas Nifty bank is trading with a P/E of 26.17 and P/B of 2.81.
15
Global Market Statistics As on 03rd July 2017
Index Close (Region/Country) Price Global The Global Dow 2784.18 (World) Asia Pacific Shanghai 3195.91 Composite (China) Hang Seng (Hong 25784.17 Kong) S & P BSE Sensex 31221.62 (India)
Change
% Change
YTD % Change
High
Low
% Chg
3-yr % Change
14.78
0.53
10
2790.26
2284.45
19.7
1.8
3.48
0.11
3
3288.97
2953.39
6.9
15.7
19.59
0.08
17.2
26063.06
20495.3
22.4
3.1
300.01
0.97
17.3
31311.57
25765.1
14.5
6.5
320.5
0.46
0.14
5.4
322.52
243.38
26.4
7.4
Straits Times (Singapore)
3223.46
-3.02
11.9
3271.11
2787.27
12.3
-0.5
Kospi (South Korea)
2394.48
2.69
0.11
18.2
2395.66
1953.12
20
6
CAC 40 (France) DAX (Germany)
5195.72 12475.31
75.04 150.19
1.47 1.22
6.9 8.7
5432.4 12888.95
4085.3 9373.26
22.7 28.5
5 7.5
FTSE 100 (U.K.)
7377.09
64.37
0.88
3.3
7547.6
6463.6
13.1
2.4
FTSE 250 (U.K.)
19320.43
-19.72
6.9
20024.92
15669.7
19.9
6.4
Nikkei 300 (Japan)
-0.09
Europe
-0.1
Currency Desk As on 03rd July 2017
Pair
¤ Closing Price
Month Change
Month Change %
USD
64.3000
64.0800
Euro
74.0100
Pound Japanese Yen
Year High
Year Low
0.34%
68.5150
70.0300
5.68%
84.1275
83.1925
57.7150
58.4975
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52 Weak Change
52 Weak Change %
64.0800
-3.4725
-0.0512
74.5500
68.2100
-1.5150
-0.0201
1.12%
86.1725
79.7550
-7.3475
-0.0803
-1.34%
60.6200
56.4800
-8.1825
-0.1242
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NIFTY 50 SCOREBOARD
1,256.55 195.35 191 851.1 503.05 424.4 2,510.00 135.25 283.05 17,671.60 498.05 459.6 243.1 2,380.35 18,000.00 268.32 708 1,183.15 1,147.00 2,849.50 112 781.95 616 201 1,036.70 281.75 901 204.5
365 Days % Change 4.54 77.65 -2.76 17.26 -7.27 -4.07 6.6 5.62 0.04 8.92 23.14 14.02 -22.78 -16.63 45.14 -5.55 10.55 32.49 41.26 19.17 52.3 25.96 61.54 32.65 35.41 15.68 -22.16 82.2
30 Days % Change 3.79 8.35 3.27 5.76 27.88 1.14 2.27 -8.53 -0.92 4.27 -11.45 4.39 -6.32 5.05 -1.03 -9.2 -0.45 8.22 7.3 2.33 0.88 5.49 6.22 4.19 5.69 0.95 -1.23 -10.75
10 2 2 1 1 2 10 2 5 10.00 10 2 10 5 10 10 2 2 2 2.00 1 1 2 2 10 10 5 10
222 692.5 1,295.10 1,058.05 1,141.40 3,866.60 142.85 138 150.6 930 202.5 492.65 417.25 257.45 67 296.3 2,051.90 356.65 3,050.00 107.65 204.05 1,042.00 427.65
29.49 31.88 14.86 -28.66 0.53 73.32 5.63 8.84 31.5 46.07 32.82 -27.64 -8.99 -13.44 11.63 51.73 -10.79 -28.39 19.58 87.44 -8.64 29.64 13.51
3.7 5.28 2.19 -13.73 5.61 5.17 0.67 -8.72 3.05 10.36 2.05 -9.77 -5.42 0.02 1.68 4.83 -7.79 -8.79 -4.33 5.98 -1.9 1.05 -0.14
1 5 2 2 5 5 10 5 10 10 1 1 2 2 1 10 1 5 10 1 2 10 1
Symbol
CMP
52 Week High
52 Week Low
ACC ADANIPORTS AMBUJACEM ASIANPAINT AUROPHARMA AXISBANK BAJAJ-AUTO BANKBARODA BHARTIARTL BOSCHLTD BPCL CIPLA COALINDIA DRREDDY EICHERMOT GAIL HCLTECH HDFC HDFCBANK HEROMOTOCO HINDALCO HINDUNILVR IBULHSGFIN ICICIBANK INDUSINDBK INFRATEL INFY IOC
1,643.00 368 243 1,154.00 672.9 505 2,827.00 160.75 364.95 23,800.00 630.4 542.45 245.2 2,644.00 27,083.00 354.7 851 1,650.20 1,681.10 3,650.55 188.7 1,095.05 1,103.90 290.5 1,494.00 372.5 943.05 384.25
1,756.70 377.7 281.7 1,227.30 895 638.3 3,120.00 202.5 401 25,670.85 769.25 621.25 349.95 3,689.85 30,051.00 433.7 909.6 1,682.20 1,716.00 3,880.55 210.35 1,129.00 1,187.40 297.64 1,538.00 413.7 1,214.85 450.9
ITC KOTAKBANK LT LUPIN M&M MARUTI NTPC ONGC POWERGRID RELIANCE SBIN SUNPHARMA TATAMOTORS TATAMTRDVR TATAPOWER TATASTEEL TCS TECHM ULTRACEMCO VEDL WIPRO YESBANK ZEEL
311 985.5 1,721.30 1,059.85 1,382.00 7,225.00 157.5 158.55 206 1,432.10 288.95 544.55 444.1 276.5 81.6 506.7 2,359.80 380.5 3,991.65 237.3 257.5 1,440.00 508.45
319.9 1,004.65 1,833.95 1,750.00 1,508.95 7,480.90 178.25 211.8 215 1,467.75 315.3 854.95 598.4 378.15 91.15 525.65 2,744.80 542 4,533.10 278.1 288.9 1,651.90 589.9
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Face value
Stock P/E
Book value
Market Cap
47.19 19.27 35.1 54.88 17.11 32.88 21.35 26.8 37.18 41.71 11.35 44.66 16.41 33.92 44.36 16.02 14.12 23.76 29.64 21.64 27.2 54.97 16.45 19.1 31.12 25.06 15.1 9.74
471.42 82.81 100.43 79.27 159.73 232.64 557.05 174.92 115.98 3,286.26 243.39 165.37 69.54 783.66 1,885.01 201.55 251.6 389.05 348.26 506.33 171.23 29.98 314.54 151.11 337.01 114.05 300.32 191.63
30,735.14 Cr. 75,682.93 Cr 48,310.75 Cr. 1,10,657.85 Cr. 39385.95 Cr 1,20,961.10 Cr. 81,726.77 Cr. 37,062.41 Cr. 1,46,384.79 Cr. 72,625.63 Cr. 91,217.08 Cr. 43538.64 Cr 1,52,019.45 Cr. 43,833.07 Cr. 73,953.32 Cr. 59,897.50 Cr. 1,21,557.96 Cr. 2,62,610.47 Cr. 4,31,214.69 Cr. 73,091.04 Cr. 42,332.82 Cr. 2,37,636.56 Cr. 46,759.27 Cr. 1,87,158.44 Cr. 89,256.17 Cr. 68,833.17 Cr. 2,16,659.31 Cr. 1,86,175.40 Cr.
37.03 49.68 25.78 18.72 26.91 29.72 13.12 11.38 14.33 14.86 1,033.81 16.63 18.9 20.28 15.96 14.31 17.15 12.92 41.63 10.91 14.7 19.72 43.5
35.46 202.24 538.79 299.8 460.58 1,136.94 119.05 143.96 96.06 835.29 210.38 163.59 275.62 65.8 57.74 250.31 450.37 176.78 851.07 162.83 109.29 482.1 69.31
3,77,783.61 Cr. 1,87,505.12 Cr. 1,60,799.65 Cr. 47,880.32 Cr. 85,474.73 Cr. 2,18,076.08 Cr. 1,30,154.59 Cr. 2,02,893.45 Cr. 107770.75 Cr 4,66,876.07 Cr. 2,49,423.10 Cr. 1,30,474.27 Cr. 1,42,000.23 Cr. 14,047.38 Cr. 22,043.90 Cr. 49,264.93 Cr. 4,52,097.30 Cr. 37,128.81 Cr. 109781.68 Cr. 88,041.75 Cr. 1,24,999.96 Cr 65,663.54 Cr. 48,956.39 Cr.
17
Technical Picks BEML FUT (EXPIRY 27 JULY 2017) (SHORT BEML JULY FUT BELOW 1500 WITH STOP LOSS 1575 FOR THE TARGET OF 1400) DAILY CHART (Candlestick)
Technical View: BEML is currently trading at 1540 (as on 03rd July).BEML has received a great rally from 1150 – 1574.Momentum Indicators like RSI, Stochastic and MACD are visiting a divergence formation on daily chart. BEML made a high of 1574 on 22nd Jun 2017.On daily chart, We can easily interpret the formation of Double top price pattern in the zone of 1425-1574.After calculating the Fibonacci ratios for the rally 1150-1574 we are expecting a descent correction in the scrip in upcoming sessions. Fibonacci 23.60% ratio has been already tested once on 27 th Jun and now it’s time to test 38.20 % ratio which is lying at 1400.We expecting stock to correct till 50% rally is covered. On daily chart, we can found the formation of spinning top and doji candle sticks, which is itself a reversal signal. STATISTICS
VWAP 1,523.99 Face Value 10.00 Traded Volume (shares) 2,55,853 Traded Value (lacs) 3,899.17 Free Float Market Cap(Crs) 2,943.58 52 week high 1,569.70 (22-JUN-17) 52 week low 771.00 (23-NOV-16)
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Daily Nifty Sample Report
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19
NIFTY NIFTY SPOT : PIVOT : 9676
R1:9693 S1:9648
R2:9715 S2:9630
R3:9735 S3:9603
NIFTY DAILY CHART NIFTY OUTLOOK Nifty is likely to open in a flat note. Momentum indicators like RSI are waving its flag for the bears once again. We are expecting a weak trading session today. Positional traders are advised to average their long around 9575 with a stop loss of 9500.While intraday traders are advised to go for sell on rise strategy for today’s trading session. Strategy: Short Nifty around 9665 with a stop loss of 9700 for the target of 9600 Name
Current Value
Change
% Chg
Open
High
Low
FTSE 100 (Jun 7)
7,478.62
-46.33
-0.62
7,524.95
7,555.62
7,476.33
CAC 40 (Jun 7)
5,265.53
-3.69
-0.07
5,261.42
5,320.04
DAX (Jun 7)
12,672.49
-17.63
-0.14
12,659.97
12,746.42
Nikkei 225 (Jun 8)
19,987.07
2.45
0.01
20,048.28
20,061.22
19,973.19
Straits Times (Jun 8) Hang Seng (Jun 8)
3,240.39
9.9
0.31
3,236.41
3,242.74
3,226.64
26,024.65
50.49
0.19
25,974.00
26,058.04
25,923.21
Taiwan Weighted (Jun 8)
10,220.18
10.19
0.1
10,215.93
10,235.70
10,214.07
SGX Nifty (Jun 8)
9,699.00
3
0.03
9,690.00
9,706.50
9,671.50
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5,254.03 12,640.52
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CORPORATE NEWS
Endurance Technologies -Company planning to expansion of aluminum die casting plant, to expand from 8161 MT to 12,250 MT -Current capacity utilization is 79.5 percent, to invest Rs 9.1 crore, all financing from internal accruals Petronet LNG -GDF International to exit Petronet LNG, launches block to sell 10 percent stake -To sell Petronet stake at price range of Rs 417-440 per share -To sell 10 percent Petronet stake at around Rs 3,100-3,300 crore -Citi, JPMorgan are bankers to stake sale in Petronet Sundeep Sikka, ED & CEO, Reliance Nippon Life AMC says
-Reliance Capital approves listing of Reliance Nippon Life AMC -Reliance Nippon Life AMC plans to dilute 10 percent stake in the first tranche Bhushan Steel -Company says have never interacted or have any association with Shirish Chandrakant Shah Alert: Income Tax Dept claims that Shah provided bogus entries for black money Alert: Income Tax Dept claims Shah benefitted Bhushan Steel, Bhushan Power, Ajmera Group -ICRA downgrades Tata Power to AA- from AA -Amtek Auto board meeting on June 3rd June to consider issue of shares of preferential basis -Cyient announces expanded strategic relationship with United Technologies Corp -SEBI approves Asian Star's acquisition of 5 percent equity shares in Indian Commodity Exchange Limited Indiabulls Ventures commences consumer finance business, net worth increased to Rs 1,000 crore -Edelweiss issues its maiden unsecured perpetual bond aggregating to Rs 300 crore Healthcare Global launches 125 bed cancer centre in Nagpur, Maharashtra -Biocon fixed June 17 as record date for bonus equity shares -Zensar sets up R&D centre in Pune campus, plans one in US: ET -SAIL, RINL clash over forged wheels for railway: FE -Kotak Mahindra Bank to raise Rs 5,000 crore to shore up capital PFC plans foray into transmission and distribution space: FE -Piramal Enterprises to extend funds Rs 1,100 crore to Embassy group: ET -Telecom stocks in focus: TRAI to meet telecom CEO's on June 15 to discuss their financial crisis -Gujarat Pipavav Ports put up for sale by APM terminals: ET -M&M Says Mahindra Vehicle Sales now subsidiary of Mahindra Automotive North AmericaDynamic pricing for petrol & diesel likely to be introduced in 2nd fortnight of June: Sources
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Daily Derivative Sample Report
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NIFTY FUTURE
NIFTY DAILY CHART The
Nifty
witnessed
a
round
of
profit
booking
and
fellNIFTYnearlyOUTLOOK75pointsfor the day. With all sectors
feeling the heat, the index ended near 9300. Nifty
.futures ended at a premium of 35 points. India VIX rose 5.8%, ending at 12.0.FIIs sold 364 crore while DIIs bought 298 crore in the cash segment. FIIs sold | 1089 crore in index futures and bought 1800 crore in index options. In stock futures, they sold 471 crore
The Nifty opened on flat note tracking muted global cues as a long awaited US tax cut plan unveiled by US president on Wednesday failed to inspire investors. The index traded choppy in a narrow range of just 45 points thereafter between 9367 and 9322 for the entire session before finally settling at 9342. Sectorally, profit booking in FMCG, pharma and metal space capped the upside while oil & gas, IT and capital goods indices posted modest gains
NIFTY FUTURE :
R1:9352
R2:9387
R3:9414
PIVOT : 9324.5
S1:9289
S2:9261
S3:9226
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NIFTY BANK FUTURE
NIFTY BANK DAILY CHART NIFTY BANK OUTLOOK TheNIFTYindexOUTLOOKwitnessed a sharp fall last Friday. However, the level of 22500 acted as a strong support for the day. Towards the end, the index S ended well above 22650 with stock specific activity in a few heavyweights. We feel the index has a strong support near 22500. It is advisable to buy on dips until the index does not end below these levels
The index ended at all-time high levels very much near the sizeable Call base of 22000. As the index continued to trade in a discount for the third day in a row, we feel spreads are likely to get narrow. However, the overall support for the index has shifted towards 21700.
BANK NIFTY FUTURE :
R1:22795
R2:22938
R3:23058
PIVOT : 22675
S1:22532
S2:22412
S3:22269
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USDINR The Indian rupee rose for a second day against the dollar in-line with other Asian currencies. The Fed kept interest rates unchanged at its two-day policy meeting on Wednesday and emphasized the strength of the labour market in its subsequent statement - a sign it was still on track for two more rate rises this year. USDINR is expected to trade with positive bias in today’s session. Resistance is at 64.60 and support is at 64.30 mark.
USDINR :
R1:64.50 S1:64.30
R2:64.60 S2:64.22
R3:64.75 S3:64.10
GLOBAL MARKETS
EUROPEAN MARKET NAME
CHANGE
% CHANGE
FTSE 100 CAC 40 DAX
49.33 59.98 69.11
0.68 1.10 0.54
European markets finished higher on with shares in France leading the region. The FTSE 100 is up 0.0.68% and France's CAC 40 is up 1.10% while Germany's DAX is up 0.54%.
ASIAN MARKET NAME
CHANGE
% CHANGE
NIKKEI 225 STRAITS TIMES HANG SENG TAIWAN WEIGHTED
450
2.26
2.77 133.12 37.31
0.09 0.54 0.38
Asian markets traded on a positive note. China’s Shanghai composite fell 24.79 percent or 0.81 points to close at 3078.25 and the Hong Kong's Hang Seng was positive by 133.12 points.
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ADVANCES / DECLINES RATIO
ADVANCE 406
DECLINE 1274
UNCHANGED 70
TOTALS 1750
INDIAN MARKETS
INDEX
PREVIOUS CLOSE
OPEN
HIGH
LOW
CLOSE
GAIN/LOSS
Nifty 50 Nifty IT
9359.9 10106.5
9374.55 10084.5
9377.1 10101.95
9272 10031.1
9285.3 10086.3
-74.6 -20.2
Nifty Bank Nifty Pharma
22720.1 9979
22844.85 9969.85
22853.55 10048.8
22514 9908.7
22604.95 9935.15
-115.15 -43.85
India VIX
11.3325
11.3325
12.16
10.4525
11.9875
0.655
FII/DII ACTIVITY
BUY No. Of Contracts INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS
SELL
Amt. No. Of (In. Crores) Contracts
Amt. (In. Crores)
OPEN INTEREST AT THE END OF THE DAY No. Of Amt. Contracts (In. Crores)
18715
1435.72
33310
2524.19
209786
15236.13
502369
39387.55
477861
37587.29
810102
57506.74
122946
9104.78
129948
9575.21
1048480
69189.90
105286
7953.64
107101
8058.83
56643
4016.69
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TOP GAINERS VS. TOP LOSERS
TOP GAINERS
Company IBULHSGFIN ACC ADANIPORTS HCLTECH ASAINPAINT
LTP(Rs.) 1107 1659 344 828 1146
% Change +2.80 +2.15 +1.40 +1.22 +1.18
LTP(Rs.) 187.50 419.90 185.60 505 259
% Change -4.21 -3.80 -3.56 -3.02 -2.98
TOP LOSERS
Company BANKBARODA TATAMOTORS HINDALCO ZEEL TATAMTRDVR
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